Western Gas Partners

Western Midstream Partners LP owns, operates, acquires and develops midstream energy assets. It engages in the business of gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil for Anadarko, as well as third-party producers and customers. The company was founded in 2007 and is headquartered in The Woodlands, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Western Midstream achieves record earnings, eyes growth amid operational challenges

Western Midstream Partners delivered strong financial results in 2022, with record net income and adjusted EBITDA.
Despite challenges in Q4 2022, the company remains focused on growth opportunities and returning capital to stakeholders.
Strategic agreements, debt retirement, and unit repurchases showcase commitment to enhancing shareholder value and financial strength.
Continued evaluation of M&A opportunities and focus on operational efficiency position the company for sustained success in the future.

Western Gas Partners (WES) faces operational challenges amidst financial strength

Western Gas Partners (WES) reported increased throughput but a sequential decline in adjusted EBITDA, highlighting operational challenges. Despite this, the company demonstrated financial strength through liquidity enhancements and an enhanced distribution payment. WES aims to capitalize on opportunities by maintaining guidance, assessing processing needs, and focusing on capital return.

Western Gas Partners reports Q2 challenges and opportunities for growth

Q2 2023 showed growth in throughput but a decline in adjusted EBITDA due to higher expenses and operational challenges.
WES focuses on maintaining reliability, customer service, and stable contracts while aiming for balance sheet strength and sustainable growth.
Challenges include slower throughput growth impacting guidance and operational hurdles discussed in the Q&A session.
Opportunities lie in debt reduction, capital-efficient expansions, and a balanced approach to capital return for future growth.

Western Gas Partners excels in Q3, eyes growth in 2024

Western Gas Partners delivered a strong Q3 performance with increased throughput and improved margins, showcasing financial strength through strategic financial moves. Challenges include managing capital allocation amidst growth opportunities. The company is well-positioned for growth in 2024 with a focus on organic projects and acquisition synergies.

Western Gas Partners boosts distributions, eyes growth in key markets

Western Gas Partners' strategic divestments, distribution increases, and focus on operational efficiency position the company for sustained growth. Despite challenges in credit rating maintenance and operational transitions, opportunities in growth markets and cost savings offer avenues for continued success.

Western Gas Partners (WES) reports record Q1 earnings and growth opportunities

Western Gas Partners (WES) excelled in Q1 2024, showcasing record financial performance and operational achievements. The company's strategic focus on optimizing the MLP model, generating free cash flow, and strengthening distribution returns positions it well in the midstream sector. While challenges exist in managing capital expenditures and leverage, WES is poised for growth and profitability.

Western Gas Partners (WES) excels in Q3, eyes growth amid challenges

Western Gas Partners (WES) delivered a strong performance in Q3 2024, with a focus on increasing natural gas throughput, financial strength, and strategic initiatives under new leadership. While facing challenges in moderated growth and regulatory uncertainties, the company remains optimistic about its financial outlook and investment opportunities.

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Western Midstream Partners LP engages in the ownership, operation, acquisition, and development of midstream energy assets. It engages in the business of gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil for Anadarko, as well as third-party producers and customers. The company was founded in 2007 and is headquartered in The Woodlands, TX.

HOUSTON--(BUSINESS WIRE)--Western Midstream Partners, LP (NYSE: WES) today announced that its 2021 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedules K-3 at www.taxpackagesupport.com/westernmidstream. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detaile

Western Midstream Announces Availability of 2021 Schedule K-3

Western Midstream Partners increase their distributions by more than 50% during 2022, as I broadly predicted back in 2021. When looking ahead, they have started talking about providing enhanced distributions, which are effectively variable distributions.

Western Midstream Partners: A 12% Distribution Yield Could Be Coming Soon

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Better Buy After Q2 Results: Western Midstream Or Kinder Morgan?

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that before the market open on Monday, August 15, 2022, it will make available on its website at www.westernmidstream.com a post-earnings interview with Kristen Shults, Senior Vice President and Chief Financial Officer and Kamal Govender, Director of ESG, to provide additional insights related to second-quarter results. On August 16 and 17, 2022, Michael Ure, President and Chief Exe

Western Midstream Announces Second-Quarter Post-Earnings Interview With Management

Western Midstream's majority ownership by Occidental Petroleum no longer presents the risk it once did. The company has a manageable debt-to-EBITDA ratio, one that it's been consistently reducing.

Western Midstream: A Double-Digit Yielding Investment For Any Retirement Portfolio

Western Midstream Partners, LP (NYSE:WES ) Q2 2022 Earnings Conference Call August 4, 2022 2:00 PM ET Company Participants Daniel Jenkins - Director of Investor Relations Michael Ure - Chief Executive Officer Kristen Shults - Chief Financial Officer Craig Collins - Chief Operating Officer Conference Call Participants Gabe Moreen - Mizuho Securities Jeremy Tonet - JPMorgan Neel Mitra - Bank of America Michael Cusimano - Pickering Energy Partners Operator Good afternoon. My name is Rex and I will be your conference operator today.

Western Midstream Partners, LP (WES) CEO Michael Ure on Q2 2022 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced second-quarter 2022 financial and operating results. Net income (loss) attributable to limited partners for the second quarter of 2022 totaled $299.6 million, or $0.74 per common unit (diluted), with second-quarter 2022 Adjusted EBITDA(1) totaling $548.3 million, second-quarter 2022 Cash flows provided by operating activities totaling $467.0 million, and second-quarter 2022 Free cas

Western Midstream Announces Second-Quarter 2022 Results

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HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that the board of directors of its general partner declared a quarterly cash distribution of $0.50 per unit for the second quarter of 2022. This distribution is in line with the prior quarter's distribution and is consistent with the partnership's previously disclosed annualized regular quarterly distribution (“Base Distribution”) target of $2.00 per unit. WES's second-quarter 2022

Western Midstream Announces Second-Quarter 2022 Distribution and Earnings Conference Call

Does Western Midstream (WES) have what it takes to be a top stock pick for momentum investors? Let's find out.

Western Midstream (WES) Is Up 0.16% in One Week: What You Should Know

Energy Transfer and Western Midstream are among the cheapest investment grade midstream businesses. We compare ET and WES side-by-side across the various aspects of their businesses and valuations.

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Western Midstream (WES) is a Great Momentum Stock: Should You Buy?

Western Midstream (WES) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Western Midstream (WES) Run Higher on Rising Earnings Estimates?

WES management executed superbly on the financial and operational fronts in the first quarter. The company continues to grow cash flow and repurchase units.

Western Midstream: Still Cheap Despite Operational Strides And Outperformance

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HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that after the market close on Friday, May 13, 2022, it will make available on its website at www.westernmidstream.com a post-earnings interview with Kristen Shults, Senior Vice President and Chief Financial Officer and Craig Collins, Senior Vice President and Chief Operating Officer, to provide additional insights related to first-quarter results. On May 16 and 17, 2022, Michael Ur

Western Midstream Announces First-Quarter Post-Earnings Interview With CFO, Kristen Shults and COO, Craig Collins

Western Midstream signed deals in 1Q expanding gas throughput by over 10%. The prospect of a small special distribution in 2023 has increased. The special in 2024 will be significantly larger as debt will be down to target levels.

Western Midstream: New Deals Speed Up Growth

Western Midstream Partners, LP (NYSE:WES ) Q1 2022 Results Conference Call May 11, 2022 3:00 PM ET Company Participants Daniel Jenkins - Director, IR Michael Ure - CEO Kristen Shults - CFO Craig Collins - COO Conference Call Participants Spiro Dounis - Credit Suisse Colton Bean - Tudor, Pickering Chase Mulvehill - Bank of America Michael Cusimano - Pickering Energy Partners Ned Baramov - Wells Fargo Operator Good afternoon. My name is Celina, and I will be your conference operator today.

Western Midstream Partners, LP (WES) CEO Michael Ure on Q1 2022 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced first-quarter 2022 financial and operating results. Net income (loss) attributable to limited partners for the first quarter of 2022 totaled $301.9 million, or $0.75 per common unit (diluted), with first-quarter 2022 Adjusted EBITDA(1) totaling $539.1 million, first-quarter 2022 Cash flows provided by operating activities totaling $276.5 million, and first-quarter 2022 Free cash flo

Western Midstream Announces First-Quarter 2022 Results

Western Midstream (WES) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Western Midstream (WES) This Earnings Season?

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced the appointment of Kristen Shults to Senior Vice President and Chief Financial Officer, effective on May 2, 2022. In this role, Shults will continue to lead the organization's Finance, Investor Relations, Communications, and Sustainability teams, with additional oversight of the Accounting organization. “Since becoming a stand-alone midstream enterprise, our team has made tremendous

Western Midstream Announces New CFO

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HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that the board of directors of its general partner declared a quarterly cash distribution of $0.50 per unit for the first quarter of 2022. This distribution represents a 53-percent increase over the prior quarter's distribution and is consistent with the partnership's previously disclosed annualized regular quarterly distribution (“Base Distribution”) target of $2.00 per unit. WES's

Western Midstream Announces First-Quarter 2022 Distribution Increase and Earnings Conference Call

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News for Western Gas Partners Stock (WES)